Gympie not on 2010 valuation list

LAND valuations for the Gympie Region will not be conducted this year, a Department of Environment and Resource Management (DERM) spokesperson said yesterday.

The statement came as one million land valuations across 23 Queensland Local Government areas including the Fraser Coast and South Burnett were released.

Area manager for the South East Region of valuation services, Darryl Gaedtke, said valuations in Gympie were last issued in June, 2008 after they were conducted in October, 2007.

Mr Gaedtke said the 2007 valuation was still current and effective and was what Gympie Regional Council would continue to use for determining rates until a new valuation for the region was conducted.

Asked when the next land valuation would be conducted by DERM, Mr Gaedtke said by law the valuations had to be conducted every five years.

He said the CEO of DERM decided which regions were revalued each year according to certain criteria and there was no guarantee that the Gympie Region would be revalued this year for the 2011 rating period.

But he did say, if new site valuation legislation was implemented then the department would revalue all regions in 2011 and those new values would come into effect on June 30, 2011.

From the recent evaluations released, according to the unimproved value methodology, some commercial and industrial land values were shown to have decreased overall.

In the South Burnett, which last had a valuation issued in 2005, residential property values had increased by 44 per cent and commercial property values increased by 75 per cent.

Whereas on the Fraser Coast –last valued in 2007 –commercial property values decreased by 13 per cent, rural property values were unchanged and residential values increased by only one per cent.

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